As ESG requirements and its monitoring become more relevant with the introduced CSRD and the updated 2023 CSA questionnaire, it is increasingly evident that making the supply chain more sustainable is substantial. This article outlines three actionable steps that companies can take to swiftly enhance the sustainability of their supply chain and provides practical recommendations on how to implement those in the download below.
SLR Consulting and RCS Global's forthcoming webinar 'ESG Risk Management in Raw Material Sourcing: Regulation & Finance as Key Drivers' touches upon the ESG Due Diligence Regulations, which are becoming more prevalent and require both international and EU-based business to manage social and environmental risks in their supply chains. Alice Valvoda from RCS and Ramona Dauner from Citigroup cover how this impacts the raw material supply chain, as well as investors’ decisions and how investor ESG criteria impact supply chain actors who seek to futureproof their investability.
The European Commission has passed the Carbon Border Adjustment Mechanism (CBAM) which promises to shake up pricing advantages in supply chains for carbon intensive materials. This regulation, which will require action by certain companies starting in October 2023, seeks to levy carbon prices on imported goods where the market of origin does not have carbon pricing mechanisms in place. In this article we provide an overview of what the CBAM will entail, elaborate on how it will work, which industries it will apply to and why the decarbonization of supply chains is crucial to the affected industries. A checklist of how companies can prepare for CBAM is available to download.
This webinar will provide a short summary of the key takeaways from Finch & Beak’s CSA Expert Training held on 2 March 2023, especially for those who haven’t been able to join live in Amsterdam. A key component to selecting companies for inclusion in the Dow Jones Sustainability Indices are S&P Global ESG Scores, which are calculated based on the results of the CSA. Lim Adriaenssens, Senior ESG Benchmarking Specialist at S&P Global Sustainable1 will share more about the main challenges in the climate, supply chain & biodiversity section of S&P Global’s Corporate Sustainability Assessment (CSA), elaborate on the then-just-released CSA 2023 timeline & methodology changes while Finch & Beak’s Nikkie Vinke will provide practical examples and give ESG acceleration tips for how best to prepare for the CSA 2023.
Funded by the European Commission under the Digital Europe Programme, CIRPASS brings together a core network of leading organizations to build the European vision for a unified Digital Product Passport (DPP) approach across multiple value chains. It is a collaborative initiative in preparation for the gradual piloting and deployment of a standards-based DPP aligned with the requirements of the Proposal for Ecodesign for Sustainable Product Regulations (ESPR), with an initial focus on the electronics, batteries, and textile sectors. This article shares more about DPPs, elaborates on the CIRPASS project, and includes a downloadable factsheet with extensive information and contact details.
On Thursday, March 2nd 2023, we will deep-dive into the challenges of the S&P Global Corporate Sustainability Assessment (CSA) during this exclusive in-person event. A key component to selecting companies for inclusion in the Dow Jones Sustainability Indices are S&P Global ESG Scores, which are calculated based on the results of the CSA. The training focuses on sharing best practices on climate strategy, supply chain management, and biodiversity, and we'll look ahead at changes to the timeline and methodology changes for 2023. The event’s intimate setting also creates a great opportunity for exchanging with ESG practitioners at other top companies, and with our speakers from S&P Global Sustainable1, ASML, Corporate Citizenship and SLR Consulting.
As the need for increased focus on human rights issues and responsible supply chain management grows across industries, the upcoming EU Directive on corporate sustainable due diligence, published in 2022, will require organizations to provide consumers with more transparency when purchasing goods. This article elaborates on the implications for European companies, considers the environmental and social concerns that the fashion industry is facing, highlights inspiring progress by sustainable pioneers in the sector and then makes the case for human rights and supply chain management as foundational materiality topics and crucial elements for ESG acceleration. The downloadable checklist for materiality activation gives three tips to help your organization determine material issues.
In February 2022, the European Commission published a new EU Directive on Corporate Sustainability Due Diligence. This directive aims to set rules and requirements for companies in the European Union to foster respect for human rights and the environment in global value chains. The draft law aims to provide consumers with greater transparency when purchasing products whose supply and production chains have been difficult to trace until now. This article outlines some of the most notable implications for companies in the European Union and provides recommendations on how to prepare for the upcoming legislation.
To establish the ESG maturity of the growing Chemical Distribution market, Finch & Beak recently conducted a benchmarking study of 38 European companies. A comprehensive 30-page report provides valuable insights into what market leaders are doing, with best-case examples and elaborates on the main challenges of and opportunities in this evolving industry. This article summarizes the key takeaways of the extensive study.
Just before the results of the 2021 Dow Jones Sustainability Indices (DJSI), were announced, Finch & Beak conducted an ESG survey among DJSI-eligible companies. In the attached report, you can find the main survey results. The overall conclusion from 143 respondents is that for most of the companies, the undesirable trade-off between index and impact occurs frequently due to mounting workloads to generate ESG data and the absence of standards. The report suggests solutions to avoid the 'reporting trap' by scoping sustainability performance as a supply chain challenge, avoiding over-instrumentalism by engaging closely with stakeholders, and selecting and prioritizing the right ESG benchmarks.